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J.l BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM June 4, 1959 DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BANKS, FIRST HALF OF MAY 1959 (Averages of daily figures^/' In millions of dollars) Borrowings Demand Gross demand deposits Reserves with F.R.Banks at Federal Net demand Time balances due Reserve deposits 2/ deposits from domestic U. S. Total Required Excess Other banks 121,388 12,624 4,617 104,146 18,643 3/18,173 470 757 103,756 54,519 6,359 Class of bank and Federal Reserve District All member banks Central reserve city banks: New York 3,963 31 73 18,728 23,879 20,557 3,994 5,256 3,992 1,159 73 50 1,040 -1 6,174 4,664 110 1,038 1,152 1,429 Chicago 358 5,379 4l6 Reserve city banks 7,748 64 7,812 47,970 40,325 21,889 2,039 6,155 1,739 40,077 Boston 360 35& 222 7 2,35T I,944 23 2,105 329 91 New York 13 42 1,154 1,062 199 I,007 656 199 39 50 Philadelphia 464 23 466 122 100 3,123 467 2,650 2,534 536 Cleveland 985 2,670 526 5,161 5,899 5,017 356 173 993 Richmond 438 442 4oo 120 2,417 2,429 2,893 752 Atlanta 49 494 2,682 498 256 874 698 2,731 3>49 69 Chicago 918 10 39 928 4,640 5,502 520 4,705 255 3,051 277 St. Louis 17 122 353 2 640 498 1,989 2,437 78 1,719 355 18 Minneapolis 175 2 4l 266 1,232 883 177 291 979 100 Kansas City 472 8 480 264 2,674 619 2,473 3,352 794 Dallas 36 541 8 360 2,760 1,127 549 123 843 2,938 3,727 San Francisco 2,349 14 37 2,364 II,882 II,021 12,840 606 285 10,617 353 218 5,422 377 Country banks 40,678 4,137 1,326 1,361 5,798 43,364 25,945 37,495 Boston 406 l5~ 422 190 8 946 47 New York 392 993 'Wo 4oo 28 428 Philadelphia 2,438 267 2,528 2,904 2,744 488 443 45 Cleveland 106 300 24 2,883 3,283 3,152 2,515 335 28 292 363 Richmond 2,349 1,538 2,780 94 2,571 U5 465 30 Atlanta 1,668 463 108 4,088 495 3,721 3,473 259 838 61 Chicago 4,708 899 6,310 637 5,479 137 5,990 268 20 288 St. Louis 2,251 2,129 1,055 253 1,954 243 16 Minneapolis 1,615 170 259 1,838 : 1,715 1,299 55 366 333 33 Kansas City 2,824 387 2,594 3,042 947 123 411 454 Dallas 1,029 3,265 592 205 3,676 69 3,950 334 42 84 343 194 San Francisco 2,471 1,718 2,255 2,596 other than interbank and United States Government, less cash items reported as in process of NOTE:Demand deposits adjusted (demand deposits collection) of all member banks amounted to $92,874 million. For numbered footnotes see next page. II S wr 1 § 11 w 1M J.la DSPObI'.CS, R£oiikw£S, AJi) 30i^Uv,lflbo MfrfiMJiSR3A?JKS -- Continued (Averages of daily figures. In milliony of dollar s7 Federal Reserve District Demand deposits except interbank Time deposit 1st half 2nd half I 1st half 1st half I hair 1st half May 1959 April 1959 May 1958 May 1959 1April 1959 May 1958 Country banks in places with po;pulatj.cn of 15,000 and over l/ Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 27,855 27,987 26,456 16,272 16,217 14,981 2,990 5,071 1,747 1,973 1,678 2,733 4,073 1,073 876 1,230 2,175 2,230 3,022 5,199 1,728 1,967 1,669 2,759 4,055 1,072 872 l,24l 2,190 2,213 2,868 4,860 1,603 1,934 1,644 2,801 3,859 1,011 827 1,142 2,090 1,816 ]T,092 3,823 1,183 1,377 774 1,092 3,210 543 581 438 709 1,450 1,087 3,815 1,177 1,371 772 1,088 3,204 540 581 435 700 1,445 1,035 3,448 1,074 1,283 742 1,119 3,001 529 527 398 641 1,183 Country banks in plac=:s with pofDulation of less than 15,000 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 14,184 14,143 13,456 9,673 9,634 8,914 389 1,605 1,130 1,280 986 1,097 2,100 1,119 894 1,689 1,570 325 392 1,539 1,121 1,281 977 1,102 2,100 1,118 896 1,698 1,598 327 370 1,524 1,105 1,230 954 996 2,059 1,055 846 1,548 1,476 293 293 1,822 1,255 1,138 763 576 1,498 512 718 509 320 268 =93 1,819 1,250 1,134 760 571 1,491 510 718 506 317 268 249 1,723 1,190 1,062 709 515 1,384 472 659 445 260 247 l/ Includes any banks in outlying sections of reserve cities which have been given permission to carry the same reserves as country banksj also includes member banks in Hawaii. Footnotes for preceding page (J.l): l/ Averages of daily closing figures for reserves and borrowings and of daily opening figures for other columns, inasmuch as reserves required are based on deposits at opening of business. 2/ Demand deposits subject to reserve requirements, i.e., gross demand deposits minus cash items reported as in process of collection and demand balances due from domestic banks. 3/ Revised weekly figures compared with those given in published weekly statements: May May May May 6 13 202/ 272/ 2/ Preliminary Required reserves Excess reserves Free reserves 18,213 18,096 18,209 18,049 358 454 620 344 -317 -255 -233 -314 ,4b DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BAMS — Continued (Averages of daily figures; in millions of dollars. Comparability of figures is affected somewhat by changes in Federal Reserve membership, absorptions, etc., particularly in States or other areas designated by an asterisk.) Demand deposits except interbank Time deposits 1st half 2nd half 1st half 1st half 2nd half 1st half April 1959 May 1958.. ril 1959 May 1958 Country banks in places with a population of less than 15,000 Total 15718470 14,148.3 13,455.5 9,673-0 5791^3 u p p Total, all States 14,177.2 l4,141.2 137550.7 9,626.2 90S". 7 New England 396.2 377-1 Maine New Hampshire Vermont* Massachusetts 152.0 155.2 Rhode Island* Connecticut* 47.1 45.0 32.8 31.1 Middle Atlantic 3,018.9 2,936.2 3,360.8 3,373.1 New York j-70 • 7 1,109.3 1,281.7 1,092.0 1,274.8 1,200. New Jersey 717.0 700.6 781.3 726.0 781.3 Pennsylvania 1,123.2 1,109.9 1,102.9 1,304.7 1,250 1,310.1 E. North Central 3,128. 3,045-4 2,500. 2.339.3 3,133.9 2,510.1 Ohio 811.9 (79 807.5 739-0 741.3 Indiana 490.4 500.8 492. 300.5 Illinois 1.194.3 687.6 1,193.5 1,159.7 ! Michigan 362.3 360.0 472.3 343.5 Wisconsin 269.O 272.8 301.2 270.1 301.7 W. North Central 2,lb5.4 2.147.4 2,020.1 970.7 Minnesota 341.2 335.0 318.3 334.8 341.6 Iowa 367.2 152.7 360.0 139. 153.3 Missouri 387.8 385.1 150.2 142.7 151.6 North Dakota 99-1 56.0 99.6 48.5 55. South Dakota 135-4 64.4 134.1 119.2 64.9 55.9 Nebraska 345.5 346.7 54.6 64.3 63. Kansas 442.8 142.1 487.5 495.0 127.8 143.0 South Atlantic 1,591.6 1,585.6 1,502.9 1,055.6 1,048-7 978.1 Delaware* 7.1 7-1 15.2 13.3 7.5 166.6 Maryland 163.7 178.9 152.5 153.9 417-4 408.8 Virginia 414.8 386.6 408.3 371.4 197.2 Vest Virginia 202.2 116.0 194.7 108.0 130.6 North Carolina 130.9 123.4 62.1 57-7 South Carolina* 94.2 86.6 93-6 32.1 29.3 Georgia 117.7 112.2 117.0 58.1 460.8 Florida 215.1 463 212.1 397.8 E. South Central 725.4 729.I 364.7 670.9 323.3 Kentucky 261.1 105.1 290.2 105.I 90.5 Tennessee 141.6 187.5 141.4 131.1 Alabama 181.1 89.4 90.1 79-5 Mississippi 28. 22.2 70.3 29.0 W. South Central 2,170.8 2,l4o.8 1,994.4 440.5 528.0 523.5 Arkansas 162.7 162.9 63.7 55.4 Louisiana 178.9 178.7 71.5 79-9 Oklahoma 389.2 118.8 389.6 117.8 99.9 Texas 1,410.0 1,439.6 262.1 213.7 Mountain 766.6 766.0 350.1 310.9 Montana 201.9 191.6 199.3 Idaho 26.0 26.6 Wyoming 109.3 103.2 Colorado 274.4 272.0 250.9 105.3 New Mexico 120.1 118.8 105.8 Arizona 4.2 5.4 Utah 25.9 27.7 Nevada 3.1 3-2 Pacific 261.7 210.8 233.7 210.9 Washington* Oregon* California* 125.0 Alaska* 20.2 Virgin Islands